Analysis of various market drivers and regulations governing Mexicos cards and payment market

Detailed analysis of the marketing strategies adopted for selling prepaid cards used by various bankers and other institutions in the market

Comprehensive analysis of consumer attitudes and their buying preferences for cards

Competitive landscape of Mexicos cards and payments market

Summary

The debit cards category was the prime driver of growth during the review period recording a CAGR of 13.58% between 2008 and 2012. The highest transaction value during the review period was also reported in the debit cards category, with MXN2.6 trillion (US$213.2 billion) in 2012. In the credit card category, the overall transaction value in 2012 was only MXN471.1 billion (US$38.0 billion). Domestic service provider Carnet is expected to transform the cards market in Mexico during the forecast period. Carnet is issued by Prosa, the company formed by top Mexican banks: HSBC Mexico, Grupo Financiero Banorte SAB, Banco Invex, Grupo Financiero Santander SAB, Grupo Scotiabank and Banjercito. These banks are expected to promote Carnet cards as an alternative to foreign scheme providers such as Visa and Prepaid, which are more costly in terms of processing. The expansion of Prosas ATM network is expected to facilitate their wider use and issuance within Mexico.

Scope

This report provides a comprehensive analysis of Mexicos cards and payments market

It provides current values for Mexicos cards and payments market for 2011 and forecast figures for 2016

It details the different macroeconomic, infrastructural, consumer and business drivers affecting Mexicos cards and payments industry

It outlines the current regulatory framework in the industry

It details the marketing strategies used by various bankers and other institutions

It profiles the major banks in Mexicos cards and payments market

Reasons To Buy

Make strategic business decisions using historic and forecast market data related to Mexicos cards and payments market and each market within it

The debit cards category was the prime driver of growth during the review period recording a CAGR of 13.58% between 2008 and 2012.

Domestic service provider Carnet is expected to transform the cards market in Mexico during the forecast period.

The expansion of Prosas ATM network is expected to facilitate their wider use and issuance of Carnet cards within Mexico.

The prepaid cards category exhibits the strongest growth prospects over the forecast period. It is expected to grow at a CAGR of 12.09% over the forecast period, driven by government payroll cards, government welfare or benefit cards, prepaid travel and transport cards, and prepaid gift cards.

Mexican banks employ low pricing to promote prepaid card products. Most banks charge no annual or card replacement fees, and do not charge for balance inquiries and cash withdrawals at parent-bank ATMs. Fees are typically only charged for overseas use of cards.

7 Market Size and Growth Potential of Payment Card Industry7.1 Market Share Analysis by Type of Card7.2 Total Market Size and Forecast of Card Industry7.2.1 Analysis by number of cards7.2.2 Analysis by transaction value7.2.3 Analysis by transaction volume7.3 Debit Card Market Size and Forecast7.3.1 Analysis by number of cards7.3.2 Analysis by transaction value7.3.3 Analysis by transaction volume7.3.4 Other key performance indicators7.4 Prepaid Card Market Size and Forecast7.4.1 Analysis by number of cards7.4.2 Analysis by closed-loop and open-loop segments7.5 Charge Card Market Size and Forecast7.5.1 Analysis by number of cards7.5.2 Analysis by transaction value7.5.3 Analysis by transaction volume7.6 Credit Card Market Size and Forecast7.6.1 Analysis by number of cards7.6.2 Analysis by transaction value7.6.3 Analysis by transaction volume7.1.1 Other

SummaryThe French consumer payments market is unlike many other developed markets in the Western world in that card holding is low, with fewer payment cards than people in 2015. France has a highly de...

SummarySwitzerland is known for its high standard of living and well-developed private banking market, as well as a favorable tax system kept in check by each of the 26 Swiss cantons. These factors, a...

SummaryThe New Zealand market is small, and less densely populated outside of Auckland, making it challenging to service. It is thus essential that digital channels form the basis of issuers strategie...

SummaryAdmiral Group is a leading provider of car and home insurance active in both the UK and internationally. It operates a number a brands as well as comparison sites. This profile offers a review ...

SummaryMalaysia is a mature market, albeit still developing in many aspects. Our research shows that the countrys consumers are very similar to those in developed nations in terms of embracing the con...

Make an enquiry before buying this Report

Please fill the enquiry form below.

Full Name *

Your Email *

Job Title

Company *

Phone No. *
(Pls. Affix Country Code)

Message

Security Code *

96665

Upcoming Reports

ATM is an abbreviation of automated teller machine which is also known as automated banking machine, cash point, cash machine or cash line. It is a computerized telecommunication device that enables a client of financial institution to perform transactions without the support of a cashier, bank teller or clerk. The customer can perform a transaction by inserting a plastic smart card or magnetic stripe with a chip containing a unique card number...

Mobile commerce is handled by devices like laptops, cellular phones, Smart phones and tablet computers to execute online commercial transactions. Mobile commerce is experiencing continuous growth in a variety of fields including sales and purchase of a wide range of services and goods, payments of bills, net banking and so on. All these transactions are collectively known as m-commerce or mobile commerce.
Mobile commerce is a successor o...

Online banking is a service provided by financial institutions that allows customers to carry out financial transactions through secure websites. Many customers are turning towards the convenience and ease of online banking to carry out their financial transactions. These websites can be operated through a virtual bank by using a retail operator or through a credit union. With online banking, customers can conduct transactions such as account m...